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DealBreaker (Free subscription) | 10/11/2008
We are huge fans of William Ackman (call us, please?) and Pershing Square Capital. So, it will be no surprise to you that we loved the panache of his " open source modeling " move to make his short-case for MBIA. So, why not open source fiscal policy? I mean, how much confidence do we really have in the Treasury and the Fed at this point? So how much could it hurt if Murray Stahl publicly...
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Denver Post (Free subscription) | 10/11/2008
... a bunker and pulling an iron sheet over their heads because they think the sky is falling," said William Ackman, a prominent hedge-fund manager in New York. And that bunker is getting very crowded, so much so that some analysts are starting to suggest the markets are showing signs of "capitulation" — another term of art to describe what happens when even the bullish holdouts, the...
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Forbes (Free subscription) | 10/09/2008
... and identified four other potential buyers for the drug store chain. Pershing, which is headed by William Ackman, owns about 3 million shares in Longs, or 9.2%, and has previously said that CVS' bid didn't adequately value Longs' real estate holdings.Two other major shareholders, Advisory Research and CtW Investment Group, have also publicly questioned the CVS deal.
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New Zealand Herald (Free subscription) | 10/08/2008
... critical of the SEC action.The ban "did more to destroy investor confidence than anything", said William Ackman, who runs New York-based Pershing Square Capital Management. He denied speculation that short sellers were to blame for causing a slide in stocks this year, and noted the Dow Jones industrials had their two biggest daily point drops ever after the ban was enacted.The SEC...
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San Diego Union (Free subscription) | 10/08/2008
... a bunker and pulling an iron sheet over their heads because they think the sky is falling,” said William Ackman, a prominent hedge fund manager in New York. And that bunker is getting very crowded, so much so that some analysts are starting to suggest the markets are showing signs of “capitulation” – another term of art to describe what happens when even the bullish holdouts, the...
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International Herald Tribune (Free subscription) | 10/08/2008
... a bunker and pulling an iron sheet over their heads because they think the sky is falling," said William Ackman, a prominent hedge fund manager in New York.And that bunker is getting very crowded, so much so that some analysts are starting to suggest the markets are showing signs of "capitulation" — another term of art to describe what happens when even the bullish holdouts, the unflagging...
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Houston Chronicle (Free subscription) | 10/08/2008
The ban "did more to destroy investor confidence than anything," said William Ackman, who runs New York-based Pershing Square Capital Management. He denied speculation that short sellers were to blame for causing a slide in stocks this year, and noted the Dow Jones industrials had their two biggest daily point drops ever after the ban was enacted.
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Reuters (Free subscription) | 10/08/2008
Partner ServicesShorts say stock woes prove crisis not their faultTue Oct 7, 2008 7:07pm EDT | | Share| | [] [] By James B. KelleherCHICAGO (Reuters) - A temporary U.S. ban on short selling has failed to stop the relentless sell-off of financial stocks, proving that the trading strategy is not to blame for the crisis shaking Wall Street, two veteran short sellers said on Tuesday.James Chanos and William...
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The Stalwart (Free subscription) | 10/07/2008
... from these evil market participants. Pershing Square manager, and professional short-seller, William Ackman makes this point below, having this to say about the SEC banning short sales: One regulator, which Ackman believes has not done the right thing, is the SEC. He criticized its temporary ban on the short selling of financial stocks and a handful of other troubled companies,...
